XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 735.5 $ 923.4
Trade and other accounts receivable – net 653.2 640.7
Finance receivables and contract receivables - net 662.6 642.7
Inventories – net 789.6 746.5
Prepaid expenses and other assets 133.4 129.7
Total current assets 2,974.3 3,083.0
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,525.1 1,499.4
Accumulated depreciation and amortization (1,004.2) (973.2)
Property and equipment and finance lease right-of-use asset, net 520.9 526.2
Operating lease right-of-use assets 52.9 51.9
Deferred income tax assets 49.1 50.3
Long-term finance receivables and contract receivables - net 1,490.5 1,511.0
Goodwill 1,171.0 982.4
Other intangibles – net 249.6 260.8
Other assets 72.6 91.7
Total assets 6,580.9 6,557.3
Current liabilities:    
Notes payable and current maturities of long-term debt 17.4 268.5
Accounts payable 266.9 222.9
Accrued benefits 57.8 59.7
Accrued compensation 101.4 89.9
Franchisee deposits 89.3 78.4
Other accrued liabilities 446.9 445.5
Total current liabilities 979.7 1,164.9
Long-term debt 1,182.7 1,182.1
Deferred income tax liabilities 80.2 70.4
Retiree health care benefits 32.3 34.5
Pension liabilities 103.2 127.1
Operating lease liabilities 35.0 34.0
Other long-term liabilities 98.5 97.7
Total liabilities 2,511.6 2,710.7
Commitments and contingencies
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,438,068 and 67,430,958 shares, respectively) 67.4 67.4
Additional paid-in capital 467.7 391.7
Retained earnings 5,552.8 5,156.9
Accumulated other comprehensive loss (394.8) (365.8)
Treasury stock at cost (13,712,717 and 13,328,859 shares, respectively) (1,645.8) (1,425.3)
Total shareholders’ equity attributable to Snap-on Incorporated 4,047.3 3,824.9
Noncontrolling interests 22.0 21.7
Total equity 4,069.3 3,846.6
Total liabilities and equity 6,580.9 6,557.3
Land    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 34.1 34.0
Buildings and improvements    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 429.4 432.0
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,061.6 1,033.4
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 544.8 530.2
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,110.4 1,136.3
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 117.8 112.5
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 380.1 $ 374.7